Tinubu Appoints New BOI Board

President Bola Tinubu has appointed a new board for the Bank of Industry Limited, with Mansur Muhtar as Chairman.

According to a statement by Tinubu’s spokesman, Ajuri Ngelale, Muhtar’s career spans decades in finance, international development, public service, and academia.

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He served as Minister of Finance, Budget and Economic Development from 2008 to 2010 and was Vice-President, Operations of the Islamic Development Bank before his recent appointment.

The President expects the new board to work harmoniously, diligently, and with utmost fidelity to the nation in driving the mandate of this critical institution as a development vehicle for providing support for projects that enhance job creation, poverty alleviation, and the socio-economic conditions of Nigerian families.

The board members include Dr. Olasupo Olusi, Managing Director/Chief Executive Officer; Mrs. Ifeoma Uz’Okpala, Executive Director, Large Enterprises; Mr. Shekarau Omar, Executive Director, Micro, Small & Medium Enterprises; and Mr. Usen Effiong, Executive Director, Corporate Services.

Others are Ms. Mabel Ndagi, Executive Director, Public Sector & Intervention Programmes; Mr. Rotimi Akinde, Executive Director, Corporate Finance & Risk Management; Mallam Tajudeen Datti Ahmed, Non-Executive Director, representing the Ministry of Finance Incorporated; and Mr. Adedamola Olufemi Young, Non-Executive Director, representing the Central Bank of Nigeria.

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The appointment of the new board is seen as a move to strengthen the Bank of Industry’s role in supporting the growth of Nigerian businesses and creating jobs.

In a related development, the Bank of Industry has been commended for its efforts in providing support to small and medium enterprises in Nigeria.

“The Bank of Industry has been a key player in the development of Nigerian businesses, and we expect the new board to build on this success,” said a source.